Aperam announced changes to its Board of Directors effective January 1, 2026, with former CEO Timoteo Di Maulo being co-opted as a Director and Sandeep Jalan resigning from the Board for personal reasons. The appointment of Di Maulo, who steps down as CEO on December 31, will be submitted for shareholder approval at the next General Meeting of Shareholders. These changes occur as Aperam maintains its position as a global player in stainless, electrical and specialty steel and recycling, with customers in over 40 countries and sales of EUR 6,255 million in 2024.
Mr. Lakshmi N. Mittal, Chairman of the Board, stated that Di Maulo's deep industrial knowledge would be a valuable asset after leading Aperam for more than a decade. He also thanked Jalan for his dedicated service, both as a Board member and previously as Chief Financial Officer. The transition comes as Aperam continues to organize its business into four primary reportable segments: Stainless & Electrical Steel, Services & Solutions, Alloys & Specialties and Recycling & Renewables.
The company operates with a flat Stainless and Electrical steel capacity of 2.5 million tonnes in Brazil and Europe and maintains leadership in Alloys & high value specialty products across multiple countries. Aperam's industrial network spans sixteen production facilities in Brazil, Belgium, France, the United States, India and China, supported by a highly integrated distribution, processing and services network. This infrastructure enables the company to produce low carbon footprint stainless and special steels from biomass, stainless steel scrap and high performance alloys scrap.
Sustainability remains central to Aperam's operations, particularly through Bioenergia's production of charcoal from FSC®-certified forestry and ELG's global leadership in collecting, trading, processing and recycling stainless steel scrap and high performance alloys. The company shipped 2.29 million tonnes in 2024 while maintaining its commitment to be the leading value creator in the circular economy of infinite, world-changing materials. Further information about Aperam's operations and sustainability initiatives is available at https://www.aperam.com.
